The family members also sell honey from their house. Nazi is a very hardworking woman and wishes to provide her family with the enough income. That’s why she decided to start a trading business. With this start-up loan, Nazi plans to purchase a van and have her son use it for making fruit and vegetable deliveries.
They will sell the fresh produce in the neighboring villages and have a stable income, which will enable them to cover everyday costs as well as expand the business in future. With the support of the Start-Up program, Nazi will have an opportunity to be involved in her own business and tackle the financial difficulties.
More information about this loan
This loan is part of Credo's startup loan program targeting particularly vulnerable clients who live at the subsistence level and have been unable to obtain credit due to lack of income from an existing business. This program offers them a longer repayment term and an annual interest rate that is 5% lower than the standard interest rate. By funding this loan, you are supporting a program that gives borrowers a second chance to start and grow small businesses. This has the potential to alleviate the effects of poverty, significantly improving borrowers' incomes and their families' quality of life. Learn more about Credo's startup loan program on the Kiva Blog.
About LLC Micro Finance Organization CredoLLC Credo (Credo) is a microfinance organization in Georgia that provides sustainable credit services to alleviate poverty in rural areas, including business loans, agriculture loans, household loans, crop insurance and more. Kiva lenders’ funds are used to help the organization expand its outreach to even more entrepreneurs, farmers and households in remote areas.
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